Business Daily from THE HINDU group of publications
Tuesday, Mar 25, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Mar 25, 2008 ePaper | Mobile/PDA Version |
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Agri-Biz & Commodities
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Spices & Condiments Slow arrivals aid recovery in cardamom prices G.K. Nair Kochi, March 24 Cardamom prices recovered, albeit slowly, on thin arrivals and buying support at auctions held in Kerala and Tamil Nadu last week. The prices moved up by Rs 40 a kg. Auctions were not held from Friday to Sunday last week on account of national holidays. At the auction last Wednesday, total arrivals stood at 25.5 tonnes and the entire quantity was sold. The average price improved by Rs 50 to Rs 480 a kg, according to Mr P. C. Punnoose, General Manager, CPMC, Kumily, which conducted the auction. Only some selected dealers bought. North Indian buyers who had bought at higher prices earlier and holding stocks were on a wait and watch mode, he said. Exporters bought one tonne of the produce. The maximum price was Rs 651, while minimum Rs 290 a kg. Current bulk was fetching Rs 420 –435 a kg. Arrival of 8mm bold capsules was thin and it was fetching Rs 550 –580 a kg. 7mm was being sold at Rs 450–460 a kg, while 7.5 mm and above was fetching Rs 480 and above, he said. At Thursday’s STCL auction at Bodinayakannur, prices declined by Rs 5-10 a kg. Arrivals were thin. Total arrivals during the current season are 4,166 tonnes against 6,660 tonnes during the corresponding period the previous season. Sales stood at 3,878 tonnes compared with 6,124 tonnes. Weighted average price as on last Saturday was Rs 488.45 as against Rs 303.67 a kg. The prices of graded varieties as on last Saturday were AGEB Rs 575-585, AGB Rs 505- 515, AGS Rs 480–490 and AGS 1 Rs 460–470 a kg. Prices in the local market at Bodinayakannur were AGEB Rs 565 –575, AGB Rs 480 – 490, AGS Rs 450–460, AGS 1 Rs 430 –440 and current bulk Rs 525–600 a kg. The harvesting, which was in the last phase, might continue in a small way because of some showers late last month and the recent extended summer rains. The next crop would be early and better compared to last season, growers’ sources said.k More Stories on : Spices & Condiments
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